Purchasing Management Specialist
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Purchasing Management Specialist Course
Introduction:
Purchasing Management Specialists play a vital role in organizations by overseeing all purchasing requirements. They are responsible for procuring necessary supplies, materials, and other items while adhering to budgetary constraints and maintaining transaction records.
Their responsibilities encompass every aspect of the procurement process. This includes identifying suitable suppliers and vendors, managing contract negotiations, and ensuring approval and documentation for each step involved in fulfilling the company's procurement needs.
Course Objectives:
By the end of the Purchasing Management Specialists training course, participants will be able to:
- Learn how to develop high performance purchasing organizations
- Develop strategic purchasing plans & discuss how to improve internal customer service
- Appreciate and see the analytics that guide procurement strategies
- Explore many ways of reporting Key Performance Indicators (KPIs)
- Understand the most important competencies for purchasing personnel
Who Should Attend?
This Purchasing Management Specialists training course is suitable to a wide range of professionals, but will greatly benefit:
- Procurement and Contracts personnel
- Purchasing, Contract Administration, Projects personnel
- Engineering, Facilities, Finance, and Maintenance Personnel
- Personnel involved in the planning and management of tender process
- Leaders in the acquisition of materials, equipment and services
Course Outlines:
The 1st Steps to Becoming World Class
- Stages to World Class Purchasing
- How Purchasing is viewed today
- Strategic Sourcing
- Developing Spend Profiles and the ABC Analysis
- New Job Descriptions for Purchasing of the future
- Purchasing Personnel Required Skill Sets
Evaluating Your Own Operation
- What are Best Practices
- Purchasing Gap Analysis
- Vision and Mission for Purchasing
- Developing the Purchasing Department Strategic Plan
- Developing Key Performance Indicators (KPIs) for Procurement
- Developing a Company Purchase Price Index
Continuous Improvement and How to Get It
- Cost Reduction Initiatives
- Methods of Cost Containment
- Waste in the Supply Chain
- Breaking Down the Elements of Supplier Cost
- Commodity/Service Strategic Planning
- Resisting Price Increases
Supplier Management Approaches
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Apply Performance criteria to Purchasing Decisions
- Process Mapping to Eliminate Low Value Activities
- Applying eProcurement business process
Improving the Image of Procurement
- Global Sourcing
- International Labor Rates Comparison
- Developing and Maintaining a Customer Focus
- Basic Issues in Corruption And Fraud Prevention
- Increasing the Level of Procurement Professionalism
- Keeping Current in the profession